International Finance Corporation
International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.
Aditya Birla Housing Finance
Debt Financing in 2025
Aditya Birla Housing Finance provides home loans, life insurance, health insurance, motor insurance, and travel insurance. The company offers a complete range of housing finance solutions such as home loans, home extension loan, plot & home construction loan, home improvement loans, loan against property, construction financing, lease rental discounting, commercial property purchase loan and property advisory services.
Roojai is a managing general agent (MGA) that develops, prices, and manages a range of retail insurance products, primarily focusing on motor and health insurance. Established in Thailand in 2016 and expanding to Indonesia in 2022, Roojai operates an online insurance platform designed to enhance access to insurance in a transparent and cost-effective manner. The platform utilizes technology to lower operational costs while providing customers with clear information throughout the claims and repair process. It allows users to obtain personalized quotes, customize coverage options, file claims digitally, and manage payments seamlessly, all contributing to an improved insurance experience.
Naked Insurance
Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.
PasarPolis
Private Equity Round in 2021
PasarPolis is an insurtech startup based in Jakarta, Indonesia, founded in 2015 by Cleosent Randing. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It provides a variety of insurance options, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis enables customers to obtain quotes and manage claims efficiently, ensuring access to fast and affordable insurance plans.
Coverfox Insurance
Series C in 2019
Coverfox Insurance Broking Pvt. Ltd. is an insurtech company based in Mumbai, India, that specializes in online insurance brokerage services. Established in 2013, it offers a wide range of insurance products, including two-wheeler, car, health, travel, term, life, and general insurance. The platform partners with over 35 insurance providers to deliver competitive policies and premiums, ensuring customers have access to optimal coverage options. Coverfox also provides comprehensive support for claims, streamlining the process for its users.
Cholamandalam
Post in 2019
Cholamandalam is an Indian assurance firm that provides a range of assurance schemes, including accident, engineering, health, liability, marine, motor, property, travel, and rural insurance for individuals and corporate assurance. Cholamandalam’s assurance products targeted at individuals include health insurance, car insurance, travel insurance, home insurance, and personal accident insurance. While its products targeted at corporate firms include health, fire, engineering projects, engineering operations, property crime, marine insurance, and liability insurance. Cholamandalam was established in 2001 as a result of a joint venture between Murugappa Group, a major South Indian business conglomerate and Japan’s largest general insurance firm, the Mitsui Sumitomo Insurance Group.
Roojai is a managing general agent (MGA) that develops, prices, and manages a range of retail insurance products, primarily focusing on motor and health insurance. Established in Thailand in 2016 and expanding to Indonesia in 2022, Roojai operates an online insurance platform designed to enhance access to insurance in a transparent and cost-effective manner. The platform utilizes technology to lower operational costs while providing customers with clear information throughout the claims and repair process. It allows users to obtain personalized quotes, customize coverage options, file claims digitally, and manage payments seamlessly, all contributing to an improved insurance experience.
Hellas Direct
Series B in 2018
Hellas Direct is a Cyprus-based digital-first insurance company that leverages advanced technology and artificial intelligence to offer competitive pricing on car, motorcycle, and home insurance. The company operates as a full-stack insurer, utilizing algorithms and analytics to streamline the insurance process and compare various offers, thereby simplifying the experience for clients. Backed by prominent investors such as Portag3 and the International Finance Corporation, Hellas Direct seeks to transform the traditional insurance value chain by emphasizing operational excellence and customer-centric solutions.
Britam Holdings
Post in 2017
Britam Holdings Plc is a diversified financial services group based in Nairobi, Kenya, with operations extending across Eastern and Southern Africa, including countries like Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique. The company is structured into five main segments: Long Term Insurance, Short Term Insurance, Asset Management, Property, and Corporate and Other. Britam provides a comprehensive array of financial products, including life, health, and general insurance, as well as pension plans, unit-linked products, and investment planning services. It also engages in property development, offering services related to the purchase, sale, and rental of real estate. Additionally, Britam manages discretionary and segregated investment portfolios and unit trust funds, serving both individual and corporate clients through various distribution channels. Founded in 1920, Britam remains a key player in the financial landscape of the region.
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